Proposed coal company merger will draw green opposition
This is from a press release that just crossed the transom:
The expected March 29, 2007 merger of Dynegy and LS Power will create a combined company with the most pending dirty coal-fired power plants in the United States. This plan contrasts sharply with the recent TXU decision to back away from such heavily polluting plants and also heightens concerns about growing risks to shareholders, according to a major new report prepared for the National Environmental Trust (NET) by Innovest Strategic Value Advisors, a leading investment research firm.
If this merger goes through, it will create a company that will become a target for every green-minded campaigner in the nation. Would you want to invest in a company like that?
(Expect more news about this in coming days.)